TKO Group Holdings (TKO)
Communication Services · $36.2B market cap · SEC CIK 0001973266
$188.87
▼-1.18% on the day
close of Sep 22, 2026
48
Mixed
fundamentals score out of 100
fundamentals score out of 100
Next reports on Nov 3, 2026, with analysts expecting $1.41 in earnings per share.
The case for TKO
- Revenue growing 9.3% year over year.
- Earnings per share up 96.4%.
- Has compounded revenue at 37.2% a year over five years.
- Gross margin of 59% absorbs cost shocks.
- Moves less than the market (beta 0.69).
The case against
- Very expensive at 156.0× earnings. Years of growth are already in the price.
- Return on equity of only 7%.
- Priced at 8.5× sales with revenue growing only 9.3%.
- Growth is slowing: revenue up 9.3% this year against 37.2% a year over five.
- The price trend is weak (35/100): -5.0% over a year, -3.9% over three months, 25% of the way up its 52-week range.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Communication Services companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 12 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 91 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 39 |
| Momentumhow the price has behaved lately | 35 |
| Stabilityhow violently it moves, what it owes and what it pays you | 70 |
- Each factor except momentum is half fixed thresholds, half rank among the 19 Communication Services companies.
Key numbers
| Price / earnings | 156.0× |
|---|---|
| Price / book | 11.33× |
| Price / sales | 8.5× |
| Revenue growth (YoY) | +9.3% |
| EPS growth (YoY) | +96.4% |
| Gross margin | 59% |
| Operating margin | 22% |
| Net margin | 5% |
| Return on equity | 7% |
| Debt / equity | 1.44× |
| Current ratio | 1.28 |
| Dividend yield | 0.66% |
| Beta | 0.69 |
| 52-week range | $176.00 – $226.94 |
| Position in that range | 25% of the way up |
| 3-month return | -3.9% |
| 1-year return | -5.0% |
Five years of financials, as filed
Pulled from TKO Group Holdings's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $4.7B | $4.9B | $3.2B | $2.7B | $1.0B |
| Operating income | $835M | $30.9M | $376M | $533M | $391M |
| Net income | $546M | $6.4M | $176M | $0 | — |
| Operating cash flow | $1.3B | $586M | $266M | $395M | $441M |
| Total assets | $15.5B | $15.1B | $15.4B | $5.9B | — |
| Total liabilities | $6.2B | $5.0B | $4.9B | $3.9B | — |
| Shareholder equity | $3.7B | $4.1B | $4.1B | $2.0B | — |
| Cash | $831M | $620M | $361M | $305M | $1.0B |
| Long-term debt | $3.7B | $2.7B | $2.7B | $2.7B | — |
| Operating margin | 17.6% | 0.6% | 11.7% | 19.9% | 37.9% |
| Net margin | 11.5% | 0.1% | 5.4% | 0.0% | — |
| Diluted shares | 194M | 172M | 82.8M | — | — |
Share count is up 134.3% over 2 years. Your slice has been diluted.
Risk factors TKO lists in its 10-K
- Components of Our Operating Results
- Selling, General and Administrative
- (dollars in millions, except where noted)
- Selling, General and Administrative Expenses
- Equity earnings of affiliates, net of tax
- Net Income (Loss) Attributable to Non-Controlling Interests
- Adjusted EBITDA and Adjusted EBITDA Margin
- Reconciliation of Net Income (Loss) to Adjusted EBITDA
- Future Sources and Uses of Liquidity
- Material Cash Requirements Related to Contractual Obligations, Commitments and Contingencies
- Summary of Significant Accounting Policies
- Revenue from Contracts with Customers
- Arrangements with Multiple Performance Obligations
- m 7A. Quantitative and Qualitative Disclosures about Market Risk